https://www.taxtmi.com/caselaws?id=13168 Section 80-I relief requires profits to be directly and proximately connected with a priority industry, because "attributable to" is broader than "derived from" but still demands a real nexus. On the admitted facts, the assessee was quarrying limestone, while the material used in cement manufacture was lime, and the record did not show an integrated manufacturing process or any priority-industry activity yielding the claimed profit. Mere book entries or self-consumption of limestone were insufficient to establish attributable income. Deduction under section 80-I was therefore not available. en-us Thu, 13 Sep 2001 00:00:00 +0530 Tue, 26 May 2009 17:38:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13168 Section 80-I relief requires profits to be directly and proximately connected with a priority industry, because "attributable to" is broader than "derived from" but still demands a real nexus. On the admitted facts, the assessee was quarrying limestone, while the material used in cement manufacture was lime, and the record did not show an integrated manufacturing process or any priority-industry activity yielding the claimed profit. Mere book entries or self-consumption of limestone were insufficient to establish attributable income. Deduction under section 80-I was therefore not available. Case-Laws Income Tax Thu, 13 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13168